WHAT IS NAICS SECTOR 53? FULL DESCRIPTION AND STATISTICS

NAICS Sector 53

Full Code Description

What is NAICS Sector 53?

53 - Real Estate and Rental and Leasing; The Sector as a Whole:

The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks.

This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and from a production basis they are included here. In addition, a substantial proportion of property management is self-performed by lessors.

The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).

Excluded from this sector are establishments primarily engaged in renting or leasing equipment with operators. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment.

NAICS Codes that fall under 53 - Real Estate and Rental and Leasing

Top Ten Companies

Top Ten Companies in Real Estate, Rental & Leasing

53 - Real Estate and Rental and Leasing

Top Businesses by Revenue for 53:

Homeservices of America Inc Minneapolis MN
Long & Foster Companies Inc Chantilly VA
Icahn Enterprises Holdings LP New York NY
Cbre Group Inc Los Angeles CA
Netflix Inc Los Gatos CA
Avis Budget Group Inc Parsippany NJ
Rental Car Intermediate Estero FL
Hertz Corporation Estero FL
Hertz Global Holdings Inc Estero FL
Sears Holdings Management Corp Hoffman Estates IL

Bureau of Labor Statistics

Employment Statistics in Real Estate, Rental & Leasing

Workforce Statistics

This section provides information relating to employment and unemployment in real estate and rental and leasing. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. The following tables present an overview of the industry including the number of jobs, the unemployment rate of those previously employed in the industry, job openings and labor turnover, union membership and representation, data for occupations common to the industry, and projections of occupational employment change.

Employment, Unemployment, and Openings, Hires, and Separations

 
Data series Back
data
Jan.
2019
Feb.
2019
Mar.
2019
Apr.
2019

Employment (in thousands)

Employment, all employees (seasonally adjusted)

Go to web page with historical data for series CES5553000001
2,297.3 2,302.6 (P)2,309.8 (P)2,317.6

Unemployment

Unemployment rate

Go to web page with historical data for series LNU04034208
3.2% 2.9% 3.5% 1.7%

Job openings, hires, and separations (in thousands)

Job openings

Go to web page with historical data for series JTU53000000JOL
142 65 (P)122

Hires

Go to web page with historical data for series JTU53000000HIL
86 44 (P)52

Separations

Go to web page with historical data for series JTU53000000TSL
86 37 (P)49

Footnotes
(P) Preliminary

(Source: Current Employment StatisticsCurrent Population SurveyJob Openings and Labor Turnover Survey)

Employment by Occupation

 
Data series Wages, 2018
Hourly Annual
Median Mean Median Mean

Counter and rental clerks

$13.40 $14.77 $27,870 $30,730

Property, real estate, and community association managers

$26.86 $32.59 $55,870 $67,780

Real estate brokers

$27.30 $37.61 $56,780 $78,230

Real estate sales agents

$21.92 $28.22 $45,590 $58,700

(Source: Occupational Employment Statistics)

Earnings by Occupation

 
Data series Wages, 2018
Hourly Annual
Median Mean Median Mean

Counter and rental clerks

$13.40 $14.77 $27,870 $30,730

Property, real estate, and community association managers

$26.86 $32.59 $55,870 $67,780

Real estate brokers

$27.30 $37.61 $56,780 $78,230

Real estate sales agents

$21.92 $28.22 $45,590 $58,700

(Source: Occupational Employment Statistics)

Work-related Fatalities, Injuries, and Illnesses

This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in real estate and rental and leasing. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.

 
Data series 2014 2015 2016 2017

Fatalities

Number of fatalities

88 64 92 70

Blank cells indicate no data reported or data that do not meet publication criteria.

 
Data series 2017

Rate of injury and illness cases per 100 full-time workers

Total recordable cases

2.4

Cases involving days away from work, job restriction, or transfer

1.5

Cases involving days away from work

1.0

Cases involving days of job transfer or restriction

0.5

Blank cells indicate no data reported or data that do not meet publication criteria.

(Source: Injuries, Illnesses, and Fatalities)

Workplace Trends

This section presents data on the number of establishments in real estate and rental and leasing.

Establishments

 
Data series Back
data
4th quarter
2017
1st quarter
2018
2nd quarter
2018
3rd quarter
2018

Number of establishments

Private industry

Go to web page with historical data for series ENUUS00020553
392,199 (P)394,781 (P)398,763 (P)401,885

Local government

Go to web page with historical data for series ENUUS00020353
1,653 (P)1,788 (P)1,781 (P)1,780

State government

Go to web page with historical data for series ENUUS00020253
26 (P)26 (P)26 (P)26

Federal government

Go to web page with historical data for series ENUUS00020153
8 (P)6 (P)7 (P)7

Footnotes
(P) Preliminary

(Source: Quarterly Census of Employment and Wages)

Extra Info

Other Information Pertaining to NAICS Sector 53

real estate sector
real estate sector